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Navigating the complexities of new regulations can be challenging for any organisation, especially when compliance involves significant operational changes and a re-evaluation of risk at the highest levels.
During a recent webinar hosted by Niall Kitson of TechCentral.ie, industry experts, including Trine Øksnebjerg, Consultant Director at emagine, alongside representatives from the Irish Institute of Directors (IoD), PwC, and Integrity360, explored the intricacies of the Digital Operations Resilience Act (DORA) and the NIS2 directive.
The discussion underscored the crucial role of boardroom decision-making in achieving compliance and building resilience.
The Evolution of DORA
Introduced in January 2023, DORA aims to enhance the digital resilience of the financial sector. Organisations face a critical deadline of January 17, 2025, to achieve compliance. This has spurred a flurry of activity, from recruiting the right talent to refining processes. The recent introduction of the AI Act, with full compliance expected by 2026, adds yet another layer of regulatory complexity.